Boardwalk Development Group

In the days leading up to Memorial Day, we want to acknowledge the Americans who made the ultimate sacrifice so we could enjoy the freedoms we often take for granted.

Their courage, their service, and their lives given in defense of our nation will never be forgotten.

This weekend, as we gather with family and friends, let’s pause to remember the fallen, honor their legacy, and say a heartfelt “thank you” to the Gold Star families who carry their memory every single day.

Exciting News from Boardwalk Development Group!

Boardwalk Development Group, the 45th largest self-storage operator in the nation, is proud to announce the launch of Boardwalk Storage Fund V!

We’re acquiring a premier 7-property, cash-flowing portfolio in Auburn, AL (formerly Sun Self Storage) — 496,779 sq ft of climate-controlled and non-climate-controlled facilities, 3,726 units, and nearly 34% market share in one of the country’s fastest-growing markets. Total acquisition: $56 million.

This new fund continues our proven track record of delivering strong risk-adjusted returns through hands-on management in high-growth Southeast markets (GA, TN, SC, NC, AL).

Since 2016, BDG has closed on $500M+ in projects across 43 properties, with prior funds delivering an average gross IRR of 39% and 3x equity multiple.

“Launching our fifth and largest fund to date reflects the confidence our investors have in our team and platform,” said Doug Steverson, Chief Operating Officer. “Fund V builds on that momentum and offers the opportunity to capitalize on continued demand for quality storage in booming markets.”

Nothing says “team meeting” like axes and bullseyes! 🪓

Our Boardwalk Storage crew crushed it this Saturday at American Axes — building bonds, sharpening skills, and reminding everyone why we’re one of the most competitive teams in self-storage.

Fierce on the lanes. Fiercer in the industry.

Why we continue to believe self-storage is one of the most resilient asset classes in commercial real estate:

Recession-resistant demand
Low CapEx relative to other sectors
Inflation hedge

Find out more by completing our interest form here: https://boardwalkselfstorage.com/invest-in-boardwalk/

This week’s big golf energy has us inspired to help you ace your next move! Check us out at www.boardwalkselfstorage.com

Self-storage is proving its strength again in the current market! Occupancy is holding steady, rate declines have moderated, and the sector is being positioned for gradual recovery in 2026.

As hands-on operators focused on acquisitions, we're bullish on delivering stable, risk-adjusted returns for our partners. 🚀🚀🚀

Big congratulations to our incredible Tennessee Property Manager, Amy Hooks!

She's been named Tennessee Self Storage Association Manager of the Year — and honestly, no one deserves it more!

In just her first year managing Boardwalk Storage in LaFollette, TN, Amy boosted occupancy from 75% to 89%. Since then she has driven 27% year-over-year revenue growth and smashed her stretch revenue target by an amazing 9%

Even in a tough economy, she's holding strong at ~90% occupancy across 219 units and parking spaces while keeping delinquencies ultra-low at just 5.9%.

Amy's leadership, dedication, and results are what make our team shine. We're beyond proud! Shoutout to Amy — thank you for raising the bar every single day!

Sliding into birthday vibes like a pro! Happy Birthday to our unstoppable Doug Steverson! Wishing you a year full of big adventures and even bigger heights for Boardwalk! Let's keep crushing it!

The self-storage industry continues to show impressive, long-term growth! 📈

Check out this chart highlighting the steady rise in U.S. households utilizing self-storage—from just 2.7% in 1987 to 12.6% in 2023.

If you're an investor eyeing a solid sector, it's clear demand isn't slowing down anytime soon! 🚀





(Graph source: Mini-Storage Messenger – 2025 Self Storage Association Self Storage Demand Study)

Progress continues on our Boardwalk Storage-Reynolds Road expansion project. The building is going up!